Latest Prudential Headlines
All the headlines from our Prudential Topic Page, ordered by recency.
UK Probes Banks over Prudential’s Failed AIA Bid Say Sources
Apr 21 2011 // Britain is probing investment banks over insurer Prudential Plc’s failed $35.5 billion bid for rival AIG’s Asian business, AIA, last year, two people familiar with the matter said. The probe, ordered by the...
AIG Completes Sale of Japanese Life Insurance Companies to Prudential
Feb 1 2011 // American International Group, Inc. (AIG) reported it has closed the sale of its Japan-based life insurance subsidiaries, AIG Star Life Insurance Co. Ltd. and AIG Edison Life Insurance Co., to Prudential Financial Inc. for...
SPECIAL REUTERS REPORT: Inside AIG’s Tortuous Turnaround
Dec 22 2010 // During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on...
AIA Group Loses 2nd Senior Executive in a Week
Nov 23 2010 // AIA Group Ltd, the recently spun off Asia life insurance arm of American International Group <AIG.N>, has lost another key executive with the resignation of its human resources head Margret Chiu, a spokeswoman told...
AIA Loses Key Exec. After IPO
Nov 17 2010 // The AIA Group has lost a key official less than three weeks after its parent American International Group raised $20.5 billion in an initial public offering (IPO) of the unit. Chris Wei, AIA’s chief marketing...
Allstate, Prudential Return Cash to Investors
Nov 10 2010 // Insurers Allstate Corp. and Prudential Financial announced plans to return cash to shareholders Tuesday with a stock buyback plan and dividend increase, respectively. Prudential’s board approved a 64 percent increase...
AIA Shares Surge 17% on Trading Debut in Hong Kong
Oct 29 2010 // AIA Group Ltd surged 17 percent in its Hong Kong debut on Friday as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO...
AIA Warns Failed Prudential UK Deal Could Impact Business
Oct 5 2010 // AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday. AIA, the...
AIG to Sell Japan Life Units to Prudential (U.S.) for $4.8 Billion
Sep 30 2010 // American International Group said Thursday it will sell its two Japanese life insurance units to Prudential Financial Inc for $4.8 billion, marking another step in its efforts to repay U.S. taxpayers. The sale of AIG Star...
Dead Soldiers’ Parents Join Lawsuit Against Prudential Over Benefits
Sep 1 2010 // The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself. Five plaintiffs joined...
UK’s Prudential Trims Cost of Botched AIA Deal
Aug 12 2010 // Insurer Prudential said its failed bid for AIG’s Asian unit will cost less than first expected, and confirmed that the bungled takeover attempt has killed its appetite for big M&A deals. The bid for Hong...
MetLife, Pru Facing Probe Over Soldiers’ Death Benefits
Jul 30 2010 // New York’s attorney general has subpoenaed MetLife Inc. and Prudential Financial Inc. as part of a probe into whether life insurers are defrauding families of deceased military personnel by siphoning off millions of...
Ex-Prudential (UK) CEO Tucker Named to Head AIA before IPO
Jul 19 2010 // Bailed-out insurer American International Group named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on the Hong Kong stock...
AIG CEO Benmosche Looks Safe Despite AIA Deal Failure
Jun 3 2010 // When large deals fail, heads often roll. In the case of Prudential Plc’s failed attempt to buy American International Group Inc.’s Asian life insurance unit for $35.5 billion, the British insurer’s...
Prudential Deal Exit Raises Prospects for AIA IPO
Jun 2 2010 // UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG’s Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced. The widely expected...
AIG Rejects Lower Prudential Offer for AIA; Deal in Jeopardy
Jun 1 2010 // American International Group said it would not consider revising the terms of a deal for its Asian life insurance unit with British insurer Prudential Plc, in a move that threatens to derail the industry’s largest...
UK’s Prudential Confirms AIA Deal Still On
May 28 2010 // The UK’s Prudential on Thursday denied market talk that it had pulled its $35.5 billion bid for U.S. rival AIG’s Asian unit, after rumors the deal was off boosted Pru’s shares as well as the pound....
Pru In Talks to Lower Price for AIG’s Asian Unit, AIA
May 28 2010 // Prudential has entered talks to cut its $35.5 billion offer for for AIG’s Asian life insurance arm, in a last-ditch bid to salvage a deal criticised by shareholders as too expensive. Prudential chief executive...
More Analysts Warn on Prudential’s $35.5 Billion Deal for AIA
May 27 2010 // A chorus of opposition is growing against Prudential Plc’s bold $35.5 billion takeover of American International Assurance (AIA), with analysts from Singapore to London flagging risks to the deal just weeks ahead of...
Report: AIG to Revisit Float Plan if Prudential AIA Bid Fails
May 24 2010 // The U.S. Treasury is re-looking at plans to float the Asian unit of AIG in case a bid by Prudential to buy life insurer AIA fails, two British newspapers reported on Sunday. Prudential boss Tidjane Thiam has been...
